Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Friday, Aug 23, 2019
Investor
We’re investing funds for profit. Join us and wazua!
FEATURE  

LATEST DISCUSSIONS
Kenya Airways...why ignore.. [13537]
FSBO launches in kenya [13]
Free charting website for Kenyan stocks [6]
Good to be back and another project in the offing! [20]
Britam FY 2018 [43]
STOCKS TO SELL by yaserbigchair [1165]
KenyaRe FY19 - FY23 (Both Inclusive) [405]
Madness at the NSE [1803]
Shafted by a Wazuan [78]
Exchange Bar: Results forecast [2034]
M-Akiba treasury bonds via mobile [382]
Kenya Economy Watch [2166]
KCB and NBK material announcement [184]
Why dustbowl is the future [369]
SBG Securities iTrader [103]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

Stanbic 2019
Ericsson
#1 Posted : Monday, July 29, 2019 12:08:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,060
Location: NAIROBI
Stanbic Bank targets 200 employees in layoff plan

Up to 200 employees of Stanbic Bank are facing layoffs under an early retirement scheme intended to cut payroll costs for the lender.

The employees were given terms of the voluntary retirement plan about two weeks ago, with the lender citing digitisation as the major reason for the job cuts.

All permanent and pensionable employees of the bank are eligible for the plan, as per terms of the redundancy scheme seen by the Business Daily.

The early retirement plan presented to the staff shows that those taking up the severance option will get an "ex-gratia payment calculated at the rate of 1.5 month’s salary for each completed year of service in recognition of the service rendered to the bank by the employee."

This is in addition to the pay in lieu of notice and compensation for unused leave days.
The lender has also offered employees signing up for the layoff plan a 25 per cent rebate or discount on the balance of any outstanding staff loans settled immediately upon exit.

The exiting employees will continue repaying their loans on staff interest rates for a period of six months, after which the outstanding amounts will revert to commercial terms.

They will also be allowed to remain on the bank’s medical scheme until the end of the year, with an option of opting out and getting paid the equivalent of the cost of the insurance to the bank.

https://www.businessdail...4450-13vntorz/index.html
FUNKY
#2 Posted : Friday, August 02, 2019 10:10:29 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,486
Ericsson
#3 Posted : Thursday, August 08, 2019 7:55:13 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,060
Location: NAIROBI
HY results announcement ongoing
The group which consists of the Kenya bank,South Sudan branch, SBG Securities and Stanbic Insurance Agency limited recorded a Ksh.4.1bn profit from last year's ksh.3.6bn
Loan book grew by 19% from ksh.136.5bn last year to ksh.161.9bn
Customer deposits increased by 20% to close at ksh.201.6bn against ksh.167.3bn last year
cyruskulei
#4 Posted : Thursday, August 08, 2019 9:15:33 AM
Rank: Member


Joined: 3/9/2010
Posts: 153
Location: kenya
Ericsson wrote:
HY results announcement ongoing
The group which consists of the Kenya bank,South Sudan branch, SBG Securities and Stanbic Insurance Agency limited recorded a Ksh.4.1bn profit from last year's ksh.3.6bn
Loan book grew by 19% from ksh.136.5bn last year to ksh.161.9bn
Customer deposits increased by 20% to close at ksh.201.6bn against ksh.167.3bn last year



Link: https://www.nse.co.ke/li...year-ended-30-june-2019
Make money when others are lamenting
VituVingiSana
#5 Posted : Thursday, August 08, 2019 9:18:50 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,185
Location: Nairobi
Is there a breakdown per unit?
KE, SS, SBG, etc
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#6 Posted : Thursday, August 08, 2019 9:21:06 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,185
Location: Nairobi
Good Results but I want to look at the breakdown.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2019 Wazua.co.ke. All Rights Reserved.